Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

European stocks rebound after selloff, miners jump

Published 05/05/2021, 03:29 PM
Updated 05/05/2021, 03:30 PM
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
May 5 (Reuters) - European stocks bounced back on Wednesday
after a sharp selloff in the previous session, as surging
commodity prices lifted mining stocks, while the earnings season
kept its positive momentum, brightening the mood in the markets.
The pan-European STOXX 600 index .STOXX rose 0.8% in early
trading, with the German DAX .GDAXI jumping 0.9% and UK's FTSE
100 .FTSE gaining 0.6%.
Shares in big UK miners including Rio Tinto RIO.L , BHP
Group BHPB.L and Anglo American AAL.L rose about 2% each as
copper prices rose past a key psychological level of $10,000 a
tonne, buoyed by optimism about a speedy recovery in the global
economy. MET/L
Tech stocks .SX8P rose 1.4% after a 3.7% plunge in the
previous session.
Stellantis STLA.MI edged up 0.8% after the carmaker
reported a better-than-expected quarterly revenue but warned
that a global shortage of semiconductors would affect production
this quarter more heavily. German fashion house Hugo Boss BOSSn.DE rose 2.9% as it saw
first-quarter sales almost double in mainland China, and its
casual business returned to growth.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.